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Nanogate Raises Forecast for 2017 and Exceeds Planning for 2016

DGAP-News: NANOGATE AG / Key word(s): Change in Forecast/Preliminary Results Nanogate Raises Forecast for 2017 and Exceeds Planning for 2016 26.01.2017 / 11:06 The issuer is solely responsible for the content of this announcement. PRESS RELEASE

Nanogate Raises Forecast for 2017 and Exceeds Planning for 2016

Group sales for 2016 climb to around EUR 110 million according to preliminary figures - Operating result EBITDA reaches more than EUR 12 million, as announced - Sales expected to exceed EUR 160 million in 2017 - EBITDA of at least EUR 18 million expected in 2017

Göttelborn, Germany, January 26, 2017. Nanogate AG, a leading global specialist for design-oriented high-tech surfaces and components, is raising its sales forecast for 2017. According to this, Group sales are expected to rise to more than EUR 160 million instead of the minimum EUR 150 million projected to date. Nanogate expects consolidated EBITDA to increase to at least EUR 18 million in the 2017 fiscal year, despite transaction and integration costs. The reason for the higher sales forecast is the now year-long consolidation of the new majority holding in Nanogate Jay Systems LLC, after it had originally been expected only from April 1, 2017. In the past 2016 fiscal year, Nanogate surpassed its original planning, with Group sales of around EUR 110 million according to preliminary, as yet unaudited figures. Consolidated EBITDA climbed, as announced, to more than EUR 12 million, despite transaction and integration costs for two acquisitions.


Ralf Zastrau, CEO of Nanogate AG, commented: "Nanogate made substantial headways in 2016 with the implementation of its growth strategy. Both operationally and strategically, we have launched the Group into a new dimension. We were able to note record sales once again thanks to the strong demand for design-oriented, multifunctional surfaces and components. At the same time, we are establishing ourselves as a global supplier thanks to the new majority shareholding in Nanogate Jay Systems. We will therefore continue our dynamic course of growth and expect a hike in sales as well as a further rise in profitability in 2017."